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( As on 13/11/2025 10:20)

Mahindra, Manulife to form Rs 7,200-crore Life Insurance Joint Venture in India

Mahindra & Mahindra on Thursday announced a partnership with Toronto-based Manulife to form a 50:50 life insurance joint venture in India. Both companies will invest Rs 3,600 crore each in the new venture.

The collaboration aims to expand Mahindra and Manulife’s presence in India, reflecting their shared commitment to improving customers’ financial wellbeing in one of the world’s fastest-growing markets.

According to Mahindra, the new entity aspires to become a leading life insurance provider in rural and semi-urban India, while also serving urban customers through innovative protection solutions.